The company will in the first tranche raise Rs 500 crore through the bonds next month.

NEW DELHI: State-run Energy Efficiency Services Ltd (EESL) will in the next few months raise over Rs 1000 crore through corporate bonds to retrofit conventional appliances in government offices in Maharashtra and few railway stations with energy efficient appliances, its managing director Saurabh Kumar said.

The company will in the first tranche raise Rs 500 crore through the bonds next month. The funds will utilised by the company to retrofit energy efficient air conditioners, fans and lights in 1500 PWD offices in Maharashtra and about 1000 railways stations across India. The company is also doing a similar programme for Mahindra and Mahindra townships, Kumar said.

The savings on energy due to the retrofitting over next few years will accrue to EESL, he said.